Mick Mulvaney: Stop calling it a 'prediction market.' It’s sports betting

mulvaney (Credit: Kevin Dietsch/UPI/Bloomberg via Getty Images)

A simple question: if you wager (or “invest” or “purchase a contract for”) $100 on who will win the NCAA championship next month, is that a sports bet?

If you said yes, you are probably a normal, rational human being. If you said no, you are probably heavily invested in Kalshi or Polymarket.